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Hockey signs off John Holland sale

TREASURER Joe Hockey has approved the $1.15 billion sale of Leighton Holdings’ construction business John Holland to the China Communications Construction Company, despite CCCC’s debarment from World Bank projects.

Marion Lopez
John Holland was sold to CCCC despite the Chinese company's debarment from World Bank projects.

John Holland was sold to CCCC despite the Chinese company's debarment from World Bank projects.

CCCC was debarred from participating in World Bank road and bridge projects until 2017 because of fraudulent practises, but Hockey said this was “not contrary to our national interest” and said preventative...

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